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DAWSON GEOPHYSICAL CO Director's Dealing 2012

Mar 1, 2012

34520_dirs_2012-03-01_5e75ab12-a2f4-427c-bfb0-ca1c99571657.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TGC INDUSTRIES INC (TGE)
CIK: 0000799165
Period of Report: 2012-02-28

Reporting Person: WHITENER WAYNE A (Director, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-28 Common Stock M 55125 $3.0567 Acquired 91835 Direct
2012-02-28 Common Stock F 15190 $10.36 Disposed 76645 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-02-28 Incentive Stock Option $3.0567 M 55125 Disposed 2013-10-23 Common Stock (55125) Direct

Footnotes

F1: Currently exercisable.

F2: 51,483 shares were exercised by delivery of 15,190 shares to Company in payment of exercise price, and 3,642 shares were exercised by delivery of cash to the Company.